Senegal Info
Joined: 23 Feb 2007
Posts: 15
Home Country: senegal
|
 Posted: Tue Mar 06, 2007 4:56 am Post subject: HOUSING IN SENEGAL / SENEGAL HOUSING GUIDE |
 |
|
HOUSING IN SENEGAL
BUYING A PROPERTY
A foreign buyer can buy either from an individual or from the Government.
When buying from an individual, the buyer needs the services of a lawyer, who secures a registry certificate from the Land Registry to identify any encumbrances, and to confirm ownership of the property.
Once decided, a promissory agreement is signed by both parties in the presence of the notary. The Ministry of Finance authorises the transfer by request of the parties. Upon authorisation, the notary issues a proof of sale and prepares the deed.
The sale is then registered and stamped, and the notary requests the change of name at the Land Registry Book.
When buying from the Government, the buyer goes to the Government’s investment centre, APIX (Agence Nationale Charge de le Promotion de L’investissement et des Grands Travaux). It is necessary for the Cadastral service to prepare a map of the land, and to state whether it is public domain, private, or national domain land.
The buyer addresses a petition to the Ministry of Economics and Finance through APIX. The petition must contain: the cadastral plan, the projected works, the cost of works and their financing method, and the number of jobs which are expected to be created.
APIX then advises the relevant authorities, especially the General Directorate of Customs and Excise. What follows depends on the kind of land involved. In the case of a private sale, the contract is notarised; if the sale involves more than 10 million francs, it receives the prior authorisation from the Ministry of Economics and Finance.
RENTING A PROPERTY
Senegal rental market practice is Pro-Landlord. In theory rents on residential leases are fixed by law, according to the market value of the premises. However in practice, such rents are decided solely by the landlord.
Rents can only be revised every three years. In the event that a revision of the rent cannot be mutually agreed between landlord and tenant, it has to be fixed by the relevant Court, after the case has been referred to it by one of the parties. Otherwise, any increase will be considered illicit.
The tenancy agreement may stipulate a deposit to guarantee payment of the rent and fulfillment by the tenant of his obligations stipulated in the contract, such as the promise to make the premises as good as at the beginning of the contract, and to pay all electricity, telephone and water bills.
At the expiry of the tenancy agreement, the deposit shall be repaid by the landlord, unless his tenant still owes him money or has not fulfilled the above obligations.
By law, residential leases are either fixed for three years duration, renewable for the same period of time, or they are indefinite period contracts. In the case of definite-term leases, the parties must comply with the duration, or else the contract shall deemed to be for an indefinite period. The contract ends on the day of expiry, if not renewed for a fresh three year period, or alternatively ends when termination is mutually agreed by the parties.
If the contract was stipulated for an indefinite duration, or is considered by law to be an indefinite period contract, it shall end by a two months “notice to quit” given by the tenant through a bailiff, or by a six months notice to quite given by the landlord.
The landlord shall be entitled to give notice to quit only for occupation by himself or spouse or his ancestor or descendant, or to demolish and rebuild the premises.
The tenancy contract may also be terminated by a mutual consent of the parties, or at thirty days’ notice, for lack of compliance with the provisions of the contract. |
|
Register
Log in
FAQ
Search
Memberlist
